“Senators voted to reject cloture on the motion to proceed, a step that limits debate on whether to take up the legislation and requires 60 votes. “The Clarity Act would establish rules for crypto markets, essentially legalizing most crypto activity in the United States, and clarify the respective responsibilities of the Securities and Exchange Commission and Commodity Futures Trading Commission.” “Tuesday's result effectively blocks further consideration of the Clarity Act in the Senate.” Addin
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